The world of technical analysis in financial markets is filled with numerous chart patterns that traders rely on to make informed decisions. Among these patterns, candlestick formations stand out due to their ability to present critical market data visually. One lesser-known but highly effective pattern is the Bullish Hikkake Candlestick Pattern. In this blog post, […]
Like a bar chart, a daily candlestick shows the market’s open, high, low, and close prices for the day. The candlestick has a wide part, which is called the “real body.” This real body represents the price range between the open and close of that day’s trading. In the first part, we are going to cover how to read
Pin Bar, which is short for ‘Pinocchio Bar,’ is a single candlestick setup that clues price action traders into potential reversals in the market. A pin bar candle is an elongated wick that ‘sticks out’ from price action. Traders will usually look for one-sided wicks that are two times the size of the body of the candlestick. I. Identify pin bar